Thursday, July 21, 2016

Trump Embarrasses Himself Again on Trade Deficit Talk

During an interview with The New York Times, Donald Trump once again embarrassed himself by displaying a total lack of understanding about trade deficits.

He told NYT when discussing how foreign nations help us:
How is it helping us? How has it helped us? We have massive trade deficits. I could see that, if instead of having a trade deficit worldwide of $800 billion, we had a trade positive of $100 billion, $200 billion, $800 billion. So how has it helped us?...
We have billions of dollars of trade deficits with Mexico. 
Murray Rothbard on the trade deficit:


1 comment:

  1. Thank you Mr Wenzel for that Rothbard video. I love Rothbard, he has changed my life. I also thank you for your consistency in Rothbardian theory and Austrian Econ. I'm a huge fan of your work.